Brownie's Marine Group Inc (BWMG)

[dickmilde]

Another very good report

2022 Q3 +80.2%
2022 Q2 +41%
2022 Q1 +108%
2021 Q4 +37% Y/Y
2021 Q3 -7%
2021 Q2 +31%
2021 Q1 +56%
2020 Q4 +54% Y/Y

Some notable items in the report...
Gross margin improved. This comes with an increase in sales and is a very important metric because improved gross margins makes more money available for taking care of operating expenses.
They will be hiring a CPA that will take care of all the SEC and IRS stuff. Currently the SEC reports are sourced out so I expect this will result in improved financial reporting. Also, a CPA will be able to take on additional duties.
Q4 is a seasonal slower quarter so we should expect sales to be lower sequentially. But should be an increase over last year.
So... these guys seem to be doing all the right stuff. I am optimistic re the future of the business and continue to hold all my shares.